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<br /> by owner's end oporetors af simllar propertles and es Boneficlary may roqulre far Its protect(on. Truator wlll comply '�-
<br /> with auch other roqulrements ee Beneflclery may from tlme to tlme requeat for the protectlon by ir�suranco of the �i,
<br /> Interest of the respective pertfee. All fnsurence policlea melntalned pureuant to thls Deod of Trust shnll nemo 7rustor �
<br /> and Beneficlary ea Insured,es thelr respective intereat mey appear end provlde thnt there sh�ll be no cencellAtlon or __
<br /> I modificatlon without flfteen(15) days prlor wrltten notiflaation to Trustee and Beneflciary. IN the event eny polfcy •. __
<br /> horounder ie not renewed on or beforo fifteen(16) doys prior to Ita expiratlon dot�,Trustee or Boneflclary mey procure
<br /> auch {nsurance In accordence with the provislons of Paregreph 7. Trustor shell dellver to Senefiaiary tho nriginel
<br /> , poUclee of Insurence end renewals thereof or copies of such pollcies end renewels thereof. Failure to furnish such
<br /> ineurance by Trustor, or renewels es requlre� hereunder,shell, at the option of Beneficiery, constitute e defeult. All _
<br /> uneerROd premluma are hereby essigned to Trustee ah edditional security, and e selo end conveyance of the Property
<br /> by the Trustee ahall operate to convey to the purcheser the Trustor's interest fn end to ail policie�of Insuranco upon -
<br /> the Trust Property. -
<br /> 6. Taxss snd Asasamento. Trustor shall pey all texea end specfal assessmenta levied or essesaed ageinst, or . �
<br /> due upon,the Property before dellnquAncy and wlll deliver to Beneficiery copies of receipts showing peymont of such � - ����
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<br /> • texes and specfel essassments. � 'i
<br /> 6. Additlonal Llena. Trustor shell make ell paymont�of Mterest and principal,and peyments of any other charges, r��:�.-
<br /> • fees, and expenses contracted to be peld to �ny existing tien holders or prfor beneficiarfes under any prior Deed of �__ __
<br /> Trust, Morigage or other securlty egreement, before the dote they arA delinquent end to pay any othar clatm which
<br /> jeopaedlzes the secu�ity grontad herein. _-- - -
<br /> 7. Protaction o! Benaficiary's Ssnurity. Should Truator fail to meke any peyment, fetl to de any ect as herein „ ___
<br /> provlded or if eny ection or proceedtng Is commenced which meterially�ffects Beneticiery's Interest in the Propetry, �
<br /> � Inctuding, but no limited to, emfnent domain. Inaolvency, errengements or proceedings fnvolving e bankrupt or ;��,a:-
<br /> ' " decedent,then Beneficiary or Trustee, but without obllgetlon to do so, end without notice to or demend upon Trustor, .,.,,-,-,_
<br /> , Y and without releasing Trustor from eny obligatton hereunder, may make or do the same, and may pey, purcheso,
<br /> ,y�, contest or compromise endy encumbrence, charge or Ilen, which in the judgement of efther eppeers to effect said >;.��:
<br /> 'l�,.� Property;In exercising enysuch powers,the Beneficlary or Trustee may Incur a liabllity and expend whatever emounts, ; ' -
<br /> �?�'�� :
<br /> fncluding disbursements of reasoneble ettorney's fees, which in their absolute discretion may be necessary. In the ••,
<br /> � event thet Trustor shell fell to p�ocure insurence, fail to ppy texes and special assessments or fall to make eny ;�;;;;:. :���
<br /> peyments to existing or prlor lien holders or boneffcieries,the Beneficfary niay procure such tnsurance and meke such :�x;�S1
<br /> -_— -- -= payrris�t�. �!!sums lnctsrre�± �r expen�ed hy Beneficiary or Truatee ln accordence with the provislons of the Oeed of ' E:_
<br /> � Truat are secured hereby snd, without demend,sheli be immediately due and peyeble by Trustor end shell beer interest
<br /> ' et the rete provided for edvences under the Loan Agreement;providsd,however,that et the option of the Beneficiary �'',l'
<br /> or Trustee,such surns mey be edded to this principel balance of eny indebtedneas secured hereby end shall bear the •.,,•
<br /> ' � seme fnterest es auch indebtedness and shell be payable ratebly over the remaining torm thereof. '�;'
<br /> S. Aealgnment of Rente. Beneficiary shall heve the right,power and euthority during the continuance of thls Deed .��,
<br /> of Trust to collect the rente, losues end profita of tho Property end of any personal property located thereon wlth or �� ��'�
<br /> without taking poesesslonof the Property effected hereby,and Truator hereby absolutely end unconditionally asaigns "
<br /> ell auch rents,Isaues end profits to Beneficfary. Beneficiery,however, hereby consents to the Truator's collection end _ .
<br /> retentfon of such rents,tseues end profits es they accrue and become payable so long a�Trustor Is not, et such time, -
<br /> in defeult with respect to payment of eny Indebtedness secured {iereby or in the performence of any eflreement �.�
<br />=� • hereunder. Uqon eny such default, Beneficiary mey et eny tlme, either in peraon, by egent or by e receiver to be =�j�
<br /> . eppointed by e court,without notice and without regerd to the adequecy af eny security for the indebtedness hereby
<br /> secured: le) enter upon end take possession of the Property or any pert thereof and fn ite own neme aue for or � "'�'-_
<br /> otherwise collect such renta, Issues and profits, Including those pest due end unpeld, en apply the seme, leas costs
<br /> � :,�;�.,
<br />- and exponses of operetion and collection, including reasonable attorney fees, upon eny indebtedness secured hereby
<br /> end in auch order es Beneficiary may determine: (b)perform such ects of repeir or protection as may be necessery or �_J�
<br />;�� � proper to conservo the velue of tho Proporty: (c)lease the aeme or any part hereof�or such renie�l term e+nd upon such T�°.'�°��-___�
<br /> -�• . ��. conditlons ea(ts Judgment may dictate. Unlesa Trustor and Beneficiary agree �thorwise in writing, any appllcatiun of = _-�-_ —_=---
<br />-. _;•, : • �& rents,fssues or profits to any Indebtedness secured hereby shell not�+xtend or poetpone the due dote of the installment �
<br /> �F peyments as provided in the Loen Agreement, end the epplication theraot as eforesaid shall not welve or cure any „"'�,..—
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<br />_ � �� defeult or notice of default hereunder or invalldate eny act done purauant to such notice. Trustor elso essigns to .,a �-�:,___��
<br /> -- �- � � Beneficlary, es Turther security for the performance of tho obtigetions secured hereby,ell prepaid renta end oll monfes ���-� ���
<br /> '�.,`Kr,;.s „
<br /> whiciy may have been or may hereafter be deposited with sefd Trustor by any lessee of the Praperry, to secure the ... ,�,,��. �.'� .;
<br /> ��:
<br /> payment of eny rent,and upon defeult In tho performance of any of tho provislons he�eof, Trustor agrees to dellver '•`;;:';;t;+`��:�,�-:,�
<br /> - l such ren4s end depos(ts to the Beneficlary. Delivery of written notice of Benaficiary's exerciso of the rights grented .���.F� ;,- _=•, _ ,
<br /> ' � herein to any tenant occupying seid premises shall be sufficient to require eaid tenont to pay said rent to the ,-e;;,�:� ��..�;K,,..^.�.
<br />- � Beneficfery until further notice. � 'r: " :� •
<br />- 9. Cond�mnetion. If title to any pert of the Property shall be taken in condemnetion proceedings, by right of . ., _ . .
<br /> eminent domain or similer action,or shell bo sold under threat of condernnation, all owards, dameges end procaeds ' '�`� '
<br /> are hereby assigned end shall be pafd to Beneficiary who shell epply such award,dameges end proceeds to the sums '
<br /> secured by the Deed af Trust, with the excese, if any,paid to tho Trustor,
<br />� 10. Future Advencee. The Loan Agreement provfdes for edvences from time to time to Trustor by Beneficfary
<br /> - ea provided thoreln. In additlon, upon requect of Trustor, Ben�ficfery,et Beneficia�ry's option, prior to reconvoyanco
<br /> ..s.ti� o.....o.�..:., *►,a Tn�ctnr rr�av mplca additinnel future advAl1C88 to the T�UStOf. Such future advences, Wlth ,
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<br /> � Interest thereon,shall besocured by this Deed of Trust when evidenced by promissory notes steting thet seld notes
<br /> ' ore secured hereby; provlded thet et no time shall the secured principal and future edvences, not including sums �
<br /> advenced to protect the securlty, exceed one hundred percent (10036) of 4he original principal amounts secured
<br /> hereby.
<br /> - 11. Remedles Cumulative. All remedfos provided in this need of Truat ere di�tinct end cumulative to any other
<br /> right or remedy under this Deed of Trust or affordsd by lew or equfty, end may be exercisod concurrently,
<br /> indopendently or succeseivelY. � ' �.� �,
<br /> 12. Acceleretion; itemedles;Sale. A dofault shetl exist in the event of: 1 � ' I
<br /> (A) Any ireud or rnfsrepresanteYlon by the Trustor in connection with the line of credit which this Deed of Trust I
<br /> secures; �
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